Plan Snapshot
- Plan Sponsor: Monmouth University, INC.
- Sponsor EIN: 210634584
- Sponsor Address: 400 CEDAR AVENUE, WEST LONG BRANCH, NJ, 077641898
- Plan Type: 403(b)
- Total Participants: 966
- Total Assets: $359.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 966 | $359.0M | $5.2M | $6.2M |
| 2023 | 871 | $337.2M | $5.3M | $6.5M |
| 2022 | 907 | $306.9M | $5.3M | $6.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| COHNREZNICK LLP | Auditor | $17,325 | — | $17,325 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $17,325
- Estimated Expense Ratio: 0.005% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $264,526 | $57,641 | $5,708 | $17,325 | — |
| 2023 | $243,829 | $53,881 | $1,934 | $33,575 | — |
| 2022 | $225,278 | $40,036 | — | — | $23,100 |